GLL Trading Inc. Leases Industrial Space At 1600 63rd Street For $23/ft With Maurice Amar
1600 63rd Street
$11,235
$11,235/SF
Building Size
5,862 SF
Asset Type
Industrial
Closing
May 13, 2026
AI
This industrial asset, located at 1600 63rd Street in the Boro Park market, encompasses a total space of 5,862 square feet. The landlord, Sam Wiefner, has secured a lease agreement with GLL Trading Inc. for the property, under a modified gross lease arrangement. The asking rent for this space was set at $23 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23/ft
- Square Footage: 5,862
- Address: 1600 63rd Street
- Market: Boro Park
- Landlord: Sam Wiefner
- Tenant: GLL Trading Inc.
- Broker: Maurice Amar - Tri State Commercial Realty
- Lease Type: Modified Gross Lease
In this transaction, Maurice Amar from Tri State Commercial Realty acted as the broker representing the landlord, Sam Wiefner, in the leasing of the industrial space to GLL Trading Inc.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1411.93%
Cash-on-Cash
-403.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93